Car Insurance Rates By State And Age
According to a 2018 study commissioned from quadrant information services the average cost of car insurance varies significantly based on the driver s age.
Car insurance rates by state and age - 50s have the lowest average insurance rates so once you get to 60s 70s and 80s your rates begin increasing again. La has the most expensive car insurance rates at 117 08 mo or 1 405 yr. And how does that vary by state.
How gender affects car insurance. The chart below shows the average cost of car insurance by age starting at age 20 and going to age 85. Looking at average car insurance rates by age and state makes you wonder what else affects rates.
And by the time men and women are in their 30 s they pay comparable rates. Male drivers under the age of 18 pay the most of any demographic almost 50 more than teenage female drivers. Basically 50s could be the peak of your car insurance rate life.
Your state s car insurance minimum requirements and laws will have a major affect on your rates. But 16 year olds of any gender pay an average of 80 more than older drivers. What information can car insurance companies use to price car insurance rates.
Sadly this means higher rates even for the safest youngsters. Gender age driving experience credit history education occupation employment status marital status residential status address zip code insurance history alabama alaska. The averages slowly decline from teens to 20s 30s 40s and 50s.
The most common cause of a.
